Handmade ornaments! I got the inspiration to make these ornaments here: 

 http://aliedwards.typepad.com/_a_/2007/11/christmas-pro-5.html and did a variation on those. Here is what I came up with (with a little help from GA):

I used rub-ons, some curled paper, some tiny glass beads and tied with ribbon. So cute and so easy! I am using these as teacher gifts this year.